Q. What are the available denominations?
Investment in NBP Plus TDC can be made in any PKR amount.
Q. Can we encash our certificates before maturity?
Yes, certificates can be encashed before maturity however no profit will be paid on premature encashment within six months; as such the amount of provision shall be reversed while penalty on premature encashment will be charged as per Schedule of Bank Charges.
Q. Are Zakat & WHT deducted on NBP Plus TDC?
Zakat will be deducted on NBP Plus TDC as on valuation date of Zakat year from the profit of the term deposit on face value as per rules.
Withholding tax to be deducted from the profit of the term deposit as per rules.